Housing Wire
MARCH 31, 2021
In one of its key decisions, the CFPB said it will roll back its leniency on reporting Home Mortgage Disclosure Act data. The CFPB also rolled back leniency on reporting of certain information related to credit card and prepaid accounts under the Truth in Lending Act, Regulation Z, and Regulation E.
Housing Wire
AUGUST 6, 2024
“Major stakeholders provided compelling feedback that additional time is necessary to properly meet the new expectations of the [May] ML due to staffing considerations, third-party coordination, and technology constraints,” FHA said in an informational notice.
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Housing Wire
JULY 2, 2024
The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) this week released updated loan-level data collected through the National Survey of Mortgage Originations (NSMO), according to a joint announcement.
Housing Wire
FEBRUARY 8, 2022
By the end of 2020, FHFA signaled publicly it was considering hybrid appraisals on a permanent basis, following proposals from both Fannie Mae and Freddie Mac. Murphy and Associates Real Estate Appraisers and Consultants , raised concerns about bearing the liability for an appraisal, but relying on second-hand information.
Housing Wire
NOVEMBER 8, 2021
He will also inform the listing agent that he is a veteran himself and implores them to ask any questions or express concerns they have about VA loans. At the end of the day, Pascoe says the process is not all that different than purchasing a home with a conventional mortgage. That never happens when a VA loan is involved.
Annarbor Appraisal
SEPTEMBER 6, 2020
Reading the appraisal report will disclose why the sales that were used were chosen, and how they compare. Another possible reason for an ROV would be incorrect information in the appraisal report. If there is adequate information to move forward with the dispute, do not contact the appraiser.
Housing Wire
MARCH 8, 2023
“If an appraisal is required or if we’re unable to verify income, assets or credit instantly, this may require customer cooperation to schedule an appraisal and provide documentation, but you are still eligible for Same Day Mortgage provided information can be collected,” Guaranteed Rate said.
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